PHOENIX—Colliers International in Greater Phoenix has completed its third quarter retail analysis. GlobeSt.com caught up with Brian Woods, vice president of retail properties for Colliers International in Greater Phoenix, to provide some insight to the numbers.

GlobeSt.com: The Greater Phoenix retail market continued its modest pace of expansion. Net absorption totaled more than 685,000 square feet in the third quarter, the highest quarterly total in more than a year. Despite the recent increase, net absorption over the past 12 months is down from the preceding 12-month period. To what do you attribute the highest quarterly increase? And to what do you attribute the down period in the last 12 months?

Woods: Some of the recent increase in activity is attributable to renewed expansion from housing-related retailers. Merchants such as At Home, Conn's and Floor & Décor have accounted for some of the largest tenant move-ins during the past several months, and this is a bit of a change in the Greater Phoenix market.